Amazon (AMZN) was the prospective tenant that withdrew funding from Fermi America’s (FRMI) Texas data center project, triggering a sharp drop in Fermi’s stock after a $150M advance was canceled when exclusivity expired, Business Insider’s Dakin Campbell reports. The nonbinding deal would have anchored the project’s first gigawatt and was expected to generate more than $20B in payments over 20 years.
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